Dollar General Corporation Form of Stock Option Grant Notice under 1998 Stock Incentive Plan
Dollar General Corporation grants the recipient a non-qualified stock option to purchase company shares under the 1998 Stock Incentive Plan. The notice specifies the number of options, grant date, option price, and expiration date. The options vest in increments on scheduled dates, and the recipient must remain employed on each vesting date to receive the options. The option cannot be exercised after the expiration date and is subject to the terms of the Plan. Additional information and support are provided for new recipients.
Form of
Stock Option Grant Notice
[NAME FIELD]
[ADDRESS FIELD]
[CITY, STATE, ZIP FIELD]
Stock Option Notice
Congratulations! Dollar General Corporation’s Board of Directors has awarded you the option to purchase shares of Dollar General common stock as follows:
Grant Date | # Options | Option Price | Grant Type | Expiration Date |
Plan Information: This non-qualified stock option has been granted pursuant to the 1998 Stock Incentive Plan and is subject to all the restrictions, conditions and other terms contained in that Plan (See the Prospectus and any supplements for a summary of the Plan. A copy is enclosed if this is your first Dollar General stock option grant.)
Vesting Information: You must be employed on each scheduled vesting date to be entitled to this option. This grant will vest in increments of ___% of the represented shares as follows:
____% will vest on [date field]
____% will vest on [date field]
____% will vest on [date field]
____% will vest on [date field]
Expiration Information: This option is not exercisable after the expiration date set forth above, subject to earlier termination as provided in the Plan.
General Information: Please review the enclosed Frequently Asked Questions. For additional information, contact the Stock Services Line at _______________, select option ___ followed by option ___ -OR- log on to your account at:
[INSERT CURRENT WEB ADDRESS]
If you are a new Dollar General optionee, your Personal Identification Number (PIN) for the website, as well as the Stock Services Line, will be mailed to you under separate cover. Your user id for the stock option website is your 9 digit Social Security number.
